The EV battery testing, inspection, and certification market ensures the safety, efficiency, and durability of electric vehicle batteries. As EV production grows, rigorous testing and compliance with standards like ISO, IEC, UL, and RoHS become critical. Key players innovate with advanced technologies, including automation, AI, and digital twins, to improve testing accuracy and transparency. This market supports the global shift to electric mobility by maintaining high safety and performance standards.
According to BIS research, the EV battery testing, inspection, and certification market is Valued at $2,765.3 million in 2024 and projected to grow at a CAGR of 16.95%, hitting $13,239.4 million by 2034. Growth is fueled by rising EV adoption, stricter regulatory standards, and AI-powered advancements in battery testing technologies. These TIC services are essential for ensuring battery safety, performance, and compliance, minimizing risks like thermal runaway, degradation, and operational inefficiencies.
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In 2024, the EV battery ecosystem saw major advancements. UL LLC announced a state-of-the-art EV battery testing center in South Korea, reinforcing Asia-Pacific’s leadership in safety and durability testing. Hyundai and POSCO FUTURE M planned a joint venture in Canada to produce cathode materials, strengthening North America's localized EV supply chain. Meanwhile, BMW partnered with Redwood Materials to recycle lithium-ion batteries across 700 U.S. sites, recovering critical minerals and promoting a circular battery economy.
Rising EV sales are fueling demand for certified batteries. China leads with 10M EVs in 2024, followed by strong growth in the U.S. and Europe, driving need for reliable battery testing.
High costs of advanced testing equipment and skilled labor limit scalability, especially for smaller firms. This slows widespread access to EV battery certification services.
Next-gen batteries offer growth potential. Panasonic’s 4680 lithium-ion cells promise higher capacity, longer range, and lower costs; accelerating EV adoption and transforming battery testing needs.
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BIS Research’s Dhrubajyoti Narayan highlights strong growth in EV battery testing, driven by rising EV adoption, strict regulations, and AI-powered innovations. Industry players are scaling services and streamlining global standards.
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